Taegan Goddard's Political Wire

March 24, 2009

Senate Delays Bonus Bill

With several Republicans leery of the legislation and Obama expressing strong reservations, it is becoming increasingly likely consideration will be put off until the next Senate work period, CQ Politics reports.

A spokesman for Senate Majority Leader Harry Reid notes the Senate would note move the bill without unanimous consent before the April 6 congressional recess.

Helping justify the delay: New York Attorney General Andrew Cuomo announced late Monday that many of the top bonus recipients at AIG had returned the money, and that he hopes to recover about half of the $165 million paid out.

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Taegan D. Goddard is the founder of Political Wire, one of the earliest and most influential political web sites.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country, including the Washington Post, USA Today, Boston Globe, San Francisco Chronicle, Chicago Tribune, Philadelphia Inquirer and Christian Science Monitor.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

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